304 S Main St · Loraine, TX 79532

$100,000

2 bd · 1.0 ba · 1,010 sqft · SingleFamily public records · 123 Days on market

Built 1960 8,712 sqft lot $99/sqft · 91% above area ↓ 26% since listing

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.5/30.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• 1% rule +4.3/10.0
• Appreciation +3.6/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Ideal for investors to buy and rent due to high demand of AI construction work growth. Cute, clean, and completely move-in ready! This adorable, low-maintenance home is solid from the ground up — offering peace of mind with its Generac generator already plumbed in and ready to go. Perfect for homeowners looking for small-town comfort with modern reliability.

Key facts

• Generac generator
• 8,712 sq ft lot
• 2 parking spots

Tags

• GENERAC GENERATOR

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $59 ($704/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $93k (7.0% below list).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#571 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety C-, schools F.
• Loraine ISD (rural): math 45% / reading 35% proficiency, ranked #749 of 1,141 in TX (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 13 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-2.8%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Mitchell County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 123 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $25k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.93% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.52%
• DSCR: 1.11
• GRM: 9.0

CMA / ARV

• ARV (median comp): $52,393
• List price: $100,000
• Delta: 90.87%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-2.82% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.3%
• Equity multiple: 0.58×
• Total profit: $-11,706
• Equity at exit: $15,714

10-year hold

• IRR: -2.4%
• Equity multiple: 0.83×
• Total profit: $-4,715
• Equity at exit: $10,033

Cash invested: $28,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 79532

• Home prices YoY: -4.1%
• Active inventory: 13
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $930 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$110 /mo · $1,318/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$195
• Net cashflow: $59

Break-even live

Break-even rent $856

Max offer price $100,000

Occupancy floor 89%

Sensitivity live

Price	-10% $115	-5% $87	+0% $59	+5% $30	+10% $2
Rent	-10% $-15	-5% $22	+0% $59	+5% $95	+10% $132
Rate	-1.0pp $109	-0.5pp $84	base $59	+0.5pp $33	+1.0pp $6

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-21
   days on market $100,000 Active 123 DOM
2. 2026-06-21
   days on market $100,000 Active 122 DOM
3. 2026-06-18
   days on market $100,000 Active 120 DOM
4. 2026-06-17
   days on market $100,000 Active 119 DOM
5. 2026-06-16
   days on market $100,000 Active 118 DOM
6. 2026-06-15
   days on market $100,000 Active 117 DOM
7. 2026-06-15
   days on market $100,000 Active 116 DOM
8. 2026-06-13
   days on market $100,000 Active 115 DOM
9. 2026-06-12
   days on market $100,000 Active 114 DOM
10. 2026-06-10
    days on market $100,000 Active 111 DOM
11. 2026-06-08
    days on market $100,000 Active 110 DOM
12. 2026-06-08
    days on market $100,000 Active 109 DOM
13. 2026-06-05
    days on market $100,000 Active 107 DOM
14. 2026-06-03
    days on market $100,000 Active 105 DOM
15. 2026-06-02
    days on market $100,000 Active 104 DOM
16. 2026-06-01
    days on market $100,000 Active 103 DOM
17. 2026-05-31
    days on market $100,000 Active 102 DOM
18. 2026-05-13
    price $100,000 370-char remark

    Show marketing remark (538 chars)

    Ideal for investors as AI data center jobs bringing in renters now! Cute, clean, and completely move-in ready! This adorable, low-maintenance home is solid from the ground up — offering peace of mind with its Generac generator already plumbed in and ready to go. Perfect for homeowners looking for small-town comfort with modern reliability. You won't find another one like this at this price point or in this condition — a true one-of-a-kind find in Loraine! Don't wait — schedule your showing today before it's gone!

19. 2026-05-13
    price $100,000 538-char remark

    Show marketing remark (538 chars)

    Ideal for investors as AI data center jobs bringing in renters now! Cute, clean, and completely move-in ready! This adorable, low-maintenance home is solid from the ground up — offering peace of mind with its Generac generator already plumbed in and ready to go. Perfect for homeowners looking for small-town comfort with modern reliability. You won't find another one like this at this price point or in this condition — a true one-of-a-kind find in Loraine! Don't wait — schedule your showing today before it's gone!

20. 2026-04-16
    price $110,000 370-char remark

    Show marketing remark (370 chars)

    Ideal for investors to buy and rent due to high demand of AI construction work growth. Cute, clean, and completely move-in ready! This adorable, low-maintenance home is solid from the ground up — offering peace of mind with its Generac generator already plumbed in and ready to go. Perfect for homeowners looking for small-town comfort with modern reliability.

21. 2026-04-14
    price $110,000 538-char remark

    Show marketing remark (538 chars)

    Ideal for investors as AI data center jobs bringing in renters now! Cute, clean, and completely move-in ready! This adorable, low-maintenance home is solid from the ground up — offering peace of mind with its Generac generator already plumbed in and ready to go. Perfect for homeowners looking for small-town comfort with modern reliability. You won't find another one like this at this price point or in this condition — a true one-of-a-kind find in Loraine! Don't wait — schedule your showing today before it's gone!

22. 2026-02-18
    listed $125,000 Active 370-char remark

    Show marketing remark (370 chars)

    Ideal for investors to buy and rent due to high demand of AI construction work growth. Cute, clean, and completely move-in ready! This adorable, low-maintenance home is solid from the ground up — offering peace of mind with its Generac generator already plumbed in and ready to go. Perfect for homeowners looking for small-town comfort with modern reliability.

23. 2026-02-17
    price $125,000 538-char remark

    Show marketing remark (538 chars)

    Ideal for investors as AI data center jobs bringing in renters now! Cute, clean, and completely move-in ready! This adorable, low-maintenance home is solid from the ground up — offering peace of mind with its Generac generator already plumbed in and ready to go. Perfect for homeowners looking for small-town comfort with modern reliability. You won't find another one like this at this price point or in this condition — a true one-of-a-kind find in Loraine! Don't wait — schedule your showing today before it's gone!

24. 2026-01-12
    price $130,000 538-char remark

    Show marketing remark (538 chars)

    Ideal for investors as AI data center jobs bringing in renters now! Cute, clean, and completely move-in ready! This adorable, low-maintenance home is solid from the ground up — offering peace of mind with its Generac generator already plumbed in and ready to go. Perfect for homeowners looking for small-town comfort with modern reliability. You won't find another one like this at this price point or in this condition — a true one-of-a-kind find in Loraine! Don't wait — schedule your showing today before it's gone!

25. 2025-11-05
    listed $135,000 Active 538-char remark

    Show marketing remark (538 chars)

    Ideal for investors as AI data center jobs bringing in renters now! Cute, clean, and completely move-in ready! This adorable, low-maintenance home is solid from the ground up — offering peace of mind with its Generac generator already plumbed in and ready to go. Perfect for homeowners looking for small-town comfort with modern reliability. You won't find another one like this at this price point or in this condition — a true one-of-a-kind find in Loraine! Don't wait — schedule your showing today before it's gone!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $1,318 · $110/mo
• Projected year-2 tax: $1,830 · $152/mo
• Expected delta: +$512/yr (+$43/mo · 38.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 6 d/yr ≥103°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 8% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,159
• − Mortgage interest: −$5,602
• − Property taxes: −$1,318
• − Insurance: −$500
• − Repairs & maintenance: −$893
• − Management: −$893
• − Depreciation: −$2,909
• Taxable loss: −$956
• Est. tax savings @ 24.0%: +$229
• After-tax cash flow: $934/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Loraine ISD
• NCES district ID: 4828170
• Math proficiency: 45% ▼ -10.00%
• Reading proficiency: 35% ▬ 0.00%
• Median HH income: $39,202
• Composite: 35.91/100
• National rank: #9578
• State rank: #749 of 1141 in TX

Livability — Loraine

• Score: 67/100
• State rank: #571
• US rank: #10948

Category grades

Amenities F Commute F Cost of living A+ Crime D- Employment C- Housing A+ Health & safety C- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Loraine, TX
• City population: 1,014
• Population (ZIP): 1,014

Population outlook (Mitchell County) Hauer SSP2

• Today (2025): 8,476 people
• By 2030: 8,723 · +2.9%
• By 2040: 9,046 · +6.7%
• By 2050: 9,200 · +8.5%
• By 2075: 8,936 · +5.4%
• By 2100: 7,978 · -5.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Hispanic / Latino 48% White 43% Two or more races 17% Native American 4% Black 3%
• Hispanic origin (detail): Mexican 41%
• Common ancestry: Lithuanian 4% Hungarian 2%
• Foreign-born: 7% · Canada
• Languages at home: 77% English-only · Spanish 23%

Political lean MEDSL · Mitchell

• 2024 margin: Solid R (+71.3) · D 14.0% · R 85.3%
• 2008→2024 swing: -20.8pp toward R · 2008: -50.5pp · 2024: -71.3pp
• All cycles: 2024: R+71.3 2020: R+68.8 2016: R+65.2 2012: R+52.7 2008: R+50.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.82%
• Current HPI: 66.0081
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-25.9% since first listed

8 events — show timeline

• 2026-05-13 Price Changed $100,000 NTREIS
• 2026-05-13 Price Changed $100,000 PBBOR
• 2026-04-16 Price Changed $110,000 NTREIS
• 2026-04-14 Price Changed $110,000 PBBOR
• 2026-02-18 Listed $125,000 NTREIS
• 2026-02-17 Price Changed $125,000 PBBOR
• 2026-01-12 Price Changed $130,000 PBBOR
• 2025-11-05 Listed $135,000 PBBOR

Property tax history

+0.4%/yr

Latest (2025): $1,318 · -7.5% YoY. Source: county tax records.